Question1 Xinyi has seen the value of the Euro change from $1.014 to $1.038 against the US Dollar in the last three months. In this case, the US Dollar has ___________________ and the Euro has ___________________. appreciated; depreciated depreciated; depreciated depreciated; appreciated appreciated; appreciated cannot determine without further information about other currency pairs ResetMaximum marks: 1 Flag question undefined

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BlackTom AI · Accepted Answer

Start by identifying what the quoted exchange rate tells us. The price of 1 euro is given in U.S. dollars. If the euro price rises from $1.014 to $1.038, it costs more dollars to buy one euro than before, indicating that the U.S. dollar has weakened relative to the euro and the euro has strengthened.

Option 1: 'appreciated; depreciated' would mean the USD strengthened and the euro weakened. This is opposite to what the numbers show, so this is incorrect.

Option 2: 'depreciated; depreciated' would imply both currencies have fallen in value against a common reference, which is not what a single bilateral quoted movement demonstrates here. Therefore this is not accurate for this pair.

Option 3: 'depreciated; appreciated' corresponds with the observed change: USD depreciates (it takes more dollars to buy one euro) and the euro appreciates (each euro is now worth more dollars than before). This aligns with the directional movement of the rate.

Option 4: 'appreciated; appreciated' would require both currencies to strengthen against the other, which is not consistent with the euro increasing in price in USD terms while the USD loses value relative to the euro.

Option 5: 'cannot determine without further information about other currency pairs' is unnecessary here because the direct change in the EUR/USD quote provides a clear relative movement between these two currencies, making the other currency pair data irrelevant for this conclusion.

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